An outlet store receives a shipment of model railroad sets that will be offered at a discounted price of $156 apiece. The model railroad sets were originally sold for $325 each. What is the discount, as a percentage?
To find the discount percentage, first calculate the actual discount amount.
Discount amount = Original Price - Discounted Price
Discount amount = $325 - $156
Discount amount = $169
Next, calculate the discount percentage.
Discount percentage = (Discount amount / Original Price) x 100
Discount percentage = ($169 / $325) x 100
Discount percentage ≈ 52%
Therefore, the discount on the model railroad sets is approximately 52%.